OWIT Global (OWIT), a provider of cloud-based, insurance-specific microservices designed to digitalize the global Property & Casualty (P&C) and Accident & Health (A&H) insurance industries, has announced new AI-driven advancements to its Insurance Process Management (IPM) solution.

The enhancement comes as insurers across the P&C and A&H sectors continue to grapple with legacy core systems that can delay product launches, complicate regulatory compliance, and limit the ability to deliver seamless digital experiences to brokers, agents, and policyholders. Rather than requiring full system replacements, vendors in the insurtech space have increasingly focused on orchestration layers that sit atop existing infrastructure—a category OWIT's IPM platform targets.

OWIT's IPM platform consolidates disparate back-end systems into a unified user experience, modernizes legacy infrastructure, and enables the creation of customized interfaces for new insurance products and services. The solution can be configured for submission management, including full rating, document management, and specialized workbenches for functions such as claims processing and reinsurance.

A core component of IPM is the Command Center, OWIT's configuration toolset, which now includes an AI Assistant. This assistant accelerates the configuration of user experiences, encompassing user journeys, data entry pages, progress bars, lookup tables, and workflows. The result is faster and more efficient delivery across both internal and external distribution channels.

"Our team focuses on providing robust insurance-specific solutions to ensure that the industry can support both simple and complex products," said Wendy Aarons-Corman, Chief Executive Officer of OWIT Global. "The industry is well acquainted with our Insurance Data Management (IDM) solution to support all data transformation, particularly bordereaux processing, while our IPM solution is gaining recognition as the most intuitive no-code solution for the configuration of any user experience."

Jon Kaplan, Chief Technology Officer at OWIT Global, emphasized the solution's maturity and production readiness. "We take great pride in IPM, as it is the result of years of experience in building insurance processing systems. IPM harnesses AI to accelerate solution development and time to market, while also integrating with an organization's AI systems to support real-world production operations. The combination of these two capabilities is what the industry should be looking for," Kaplan said. "We are now successfully live in production with our IPM solution, enabling our first production customer to achieve their business objectives while maximizing and extending the value of their existing system investments."

According to OWIT, the IPM solution delivers significant cost savings compared to traditional rip-and-replace modernization approaches. It also enables insurers to bring new products to their distribution channels more rapidly and facilitates optimal user experiences for accessing and processing data across multiple back-end systems. The no-code configuration approach positions IPM alongside a broader industry shift toward low-code and no-code platforms, which aim to reduce dependency on scarce developer resources and shorten implementation timelines.

The IPM solution is available in three deployment models: a shared SaaS model, a dedicated SaaS model, and a customer-hosted option. More information about OWIT Global and its solutions is available at owitglobal.com.